KB Financial Group Inc. (NYSE:KB – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 459,400 shares, a growth of 6.3% from the August 15th total of 432,200 shares. Based on an average daily volume of 222,300 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.1% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th.
Institutional Inflows and Outflows
KB Financial Group Price Performance
Shares of KB Financial Group stock traded down $0.12 during trading hours on Tuesday, reaching $61.54. The stock had a trading volume of 573,585 shares, compared to its average volume of 205,439. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group has a twelve month low of $36.57 and a twelve month high of $67.40. The stock’s 50 day moving average is $62.37 and its 200 day moving average is $57.39. The firm has a market capitalization of $24.83 billion, a PE ratio of 7.70, a PEG ratio of 0.41 and a beta of 0.99.
KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The company had revenue of $3.18 billion during the quarter. Equities analysts expect that KB Financial Group will post 9.4 earnings per share for the current fiscal year.
About KB Financial Group
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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